Could Urban Outfitters, Inc. See a Reversal After Today’s Strong Options Activity?

October 17, 2016October 17, 2016ruchigupta2

In today’s session Urban Outfitters, Inc. (URBN) recorded an unusually high (4,078) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious URBN decrease. With 4,078 contracts traded and 63114 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: URBN161118P00035000 closed last at: $1.25 or 31.6% up. About 1.07M shares traded hands. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 8.92% since March 14, 2016 and is uptrending. It has outperformed by 3.31% the S&P500.

Analysts await Urban Outfitters, Inc. (NASDAQ:URBN) to report earnings on November, 21. They expect $0.43 EPS, up 2.38% or $0.01 from last year’s $0.42 per share. URBN’s profit will be $50.99 million for 20.30 P/E if the $0.43 EPS becomes a reality. After $0.66 actual EPS reported by Urban Outfitters, Inc. for the previous quarter, Wall Street now forecasts -34.85% negative EPS growth.

Urban Outfitters, Inc. (NASDAQ:URBN) Ratings Coverage

Out of 30 analysts covering Urban Outfitters Inc. (NASDAQ:URBN), 10 rate it a “Buy”, 0 “Sell”, while 20 “Hold”. This means 33% are positive. Urban Outfitters Inc. has been the topic of 71 analyst reports since July 31, 2015 according to StockzIntelligence Inc. BMO Capital Markets maintained the shares of URBN in a report on Wednesday, August 17 with “Market Perform” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, June 10 report. On Tuesday, November 10 the stock rating was maintained by Mizuho with “Neutral”. As per Tuesday, November 17, the company rating was downgraded by Telsey Advisory Group. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) earned “Neutral” rating by Credit Suisse on Wednesday, August 17. The rating was maintained by Brean Capital with “Buy” on Tuesday, August 11. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) has “Market Perform” rating given on Tuesday, August 18 by BMO Capital Markets. FBR Capital maintained Urban Outfitters, Inc. (NASDAQ:URBN) rating on Tuesday, November 17. FBR Capital has “Mkt Perform” rating and $29 price target. Morgan Stanley maintained Urban Outfitters, Inc. (NASDAQ:URBN) rating on Tuesday, November 17. Morgan Stanley has “Equal-Weight” rating and $31 price target. The rating was maintained by Credit Suisse with “Neutral” on Tuesday, March 8.

According to Zacks Investment Research, “Urban Outfitters, Inc. operates two business segments consisting of a lifestyle-oriented general merchandise retailing segment and a wholesale apparel business. The retailing segment operates through retail stores and direct response, including a catalog and two web sites. The company’s wholesale business designs and markets young women’s casual wear which it provides to the company’s retail operations and sells to specialty retailers worldwide.”

Insitutional Activity: The institutional sentiment increased to 1.07 in Q2 2016. Its up 0.19, from 0.88 in 2016Q1. The ratio is positive, as 45 funds sold all Urban Outfitters, Inc. shares owned while 91 reduced positions. 39 funds bought stakes while 107 increased positions. They now own 83.39 million shares or 1.57% less from 84.73 million shares in 2016Q1.
Robecosam Ag last reported 0.01% of its portfolio in the stock. Nuveen Asset Mgmt Ltd holds 564,563 shares or 0.1% of its portfolio. Nordea Investment Ab has 1,950 shares for 0% of their US portfolio. Financial Bank Of Montreal Can holds 0% or 19,354 shares in its portfolio. California Public Employees Retirement Sys owns 347,400 shares or 0.02% of their US portfolio. Cadence Cap Mngmt Lc holds 0.05% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN) for 23,301 shares. Seabridge Inv Advsrs Ltd holds 231,659 shares or 1.61% of its portfolio. Swiss Comml Bank has 0.01% invested in the company for 148,773 shares. Moreover, Prescott Gru Management Ltd Liability Com has 0.36% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 54,500 shares. State Board Of Administration Of Florida Retirement Sys holds 0.01% or 139,347 shares in its portfolio. The California-based Checchi Capital Advisers Lc has invested 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN). Chevy Chase has 0.01% invested in the company for 74,034 shares. Ameriprise, a Minnesota-based fund reported 236,417 shares. Palo Cap last reported 14,800 shares in the company. Hsbc Public Ltd Company has invested 0% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN).

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 2 selling transactions for $242,839 net activity. On Tuesday, May 24 Conforti Frank sold $93,159 worth of the stock or 3,300 shares.

Urban Outfitters, Inc. is a lifestyle retail company. The company has a market cap of $4.14 billion. The Firm operates through two business divisions: Retail and Wholesale. It has a 17.98 P/E ratio. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s clients through retail stores, Websites, mobile applications, catalogs and customer contact centers.

URBN Company Profile

Urban Outfitters, Inc. (Urban Outfitters), incorporated on August 6, 1976, is a lifestyle retail company. The Firm operates through two business divisions: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s clients through retail stores, Websites, mobile applications, catalogs and customer contact centers. The Wholesale segment consists of the Free People wholesale division that primarily designs, develops and markets young women’s contemporary casual apparel.

More news for Urban Outfitters, Inc. (NASDAQ:URBN) were recently published by: Philly.com, which released: “Four Urban Outfitters Inc. brands come together at KOP Mall” on October 14, 2016. Seekingalpha.com‘s article titled: “Avoid Urban Outfitters” and published on October 17, 2016 is yet another important article.